Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

(MI) Source: Auto Rescue Deal Reached
WXYZ Detroit / Channel 7 ^ | 12/11/08 | WXYZ

Posted on 12/12/2008 4:13:50 PM PST by Kieri

WXYZ) Sources tell Action News that the White House and U.S. automakers have reached a deal that could prevent a collapse of the industry.

IN THE VIDEO PLAYER ON THE RIGHT, ACTION NEWS REPORTER TOM WAIT SAYS THAT A DEAL HAS BEEN REACHED BUT THAT AN ANNOUNCEMENT WILL NOT COME FRIDAY NIGHT

Our source says the agreement with the Bush administration will mirror the bill that passed the House.

We do know the White House and officials from GM have been in talks for several hours. The negotiations may also involve the Federal Reserve.

President Bush is back in Washington after a trip to Texas and an announcement could come at any time.

Bush also released a statement today saying "The economy could not handle the collapse of the car industry."

Congress is now out of the game after talks in the Senate broke down last night.


TOPICS: Breaking News; Business/Economy; Government; US: Michigan
KEYWORDS: 110th; automakers; bailouts; bribery; bush; bushbailout; bushsellout; bushwhore; chrysler; gm; graft; grandtheftauto; newdeal; rino; rinos; rumor; socialism; tammanyhall; tarp; teapotdome; uaw; unions; waitfatladysings; welfare
Navigation: use the links below to view more comments.
first previous 1-20 ... 61-8081-100101-120121-137 last
To: Myrddin

“I will NEVER buy one of their cars, period! And now, I’m going to encourage others not to buy them either!”

and six months after the bailout, they’ll demand they be even MORE green, which will raise the cost, making us want them even less and making the car companies even MORE unprofitable.


121 posted on 12/13/2008 12:02:37 PM PST by stompk
[ Post Reply | Private Reply | To 65 | View Replies]

To: Recovering Ex-hippie

Sorry, but the point is nationalizing the auto industry is socialism. So, there is no discussion as to it’s merits.

Whatever the reason for nationalizing any industry it is still socialism. And the model of socialism being used in this mess is the “National Socialiist Model”. Which BTW, is taken from NAZI Germany from 1939’ish.

“Socialism always rides in on the Trojan horse of emergency” Herbert Hoover.

They create the emergency so they can frighten people so we will give up our freedom.

Bush is a low life socialist POS because of the damage he has done to this country with theses nationalzations.

Sorry if you lack the understading as to the damage he has done.

Our freedom is gone, and soon our way of life.


122 posted on 12/13/2008 12:13:03 PM PST by stockpirate (Rush, Sean, Laura, Mark, Ann, Malkin, Beck, - MIA re: COLB, Have lost ALL creds!)
[ Post Reply | Private Reply | To 115 | View Replies]

To: Recovering Ex-hippie

Sorry, but the point is nationalizing the auto industry is socialism. So, there is no discussion as to it’s merits.

Whatever the reason for nationalizing any industry it is still socialism. And the model of socialism being used in this mess is the “National Socialiist Model”. Which BTW, is taken from NAZI Germany from 1939’ish.

“Socialism always rides in on the Trojan horse of emergency” Herbert Hoover.

They create the emergency so they can frighten people so we will give up our freedom.

Bush is a low life socialist POS because of the damage he has done to this country with theses nationalzations.

Sorry if you lack the understading as to the damage he has done.

Our freedom is gone, and soon our way of life.


123 posted on 12/13/2008 12:13:39 PM PST by stockpirate (Rush, Sean, Laura, Mark, Ann, Malkin, Beck, - MIA re: COLB, Have lost ALL creds!)
[ Post Reply | Private Reply | To 115 | View Replies]

To: PeteePie
No, I was just being a good FR citizen.

We'll never go wrong by taking the high road! :-)
124 posted on 12/13/2008 12:54:34 PM PST by hiredhand (Understand the CRA and why we're facing economic collapse - see my about page.)
[ Post Reply | Private Reply | To 114 | View Replies]

To: papasmurf

” it seems that all that is left up there are the teat sucking, welfare recipient, union boot licking, leftist base.”

and those dang snowbirds.


125 posted on 12/13/2008 2:47:44 PM PST by Sunnyflorida (Unless you are nice and thoughtful you will be ignored. Write in Thomas Sowell.)
[ Post Reply | Private Reply | To 23 | View Replies]

To: stompk
"and six months after the bailout, they’ll demand they be even MORE green, which will raise the cost, making us want them even less and making the car companies even MORE unprofitable."

I believe the Soviets used to have a car company that operated under those principles.

126 posted on 12/13/2008 2:50:49 PM PST by Republic of Texas (Socialism Always Fails)
[ Post Reply | Private Reply | To 121 | View Replies]

To: stompk
I went to the Yamaha shop today and left with the "out the door" price for the 2007 Yamaha Roadliner. I'll liquidate some stock before capital gains taxes rise and stocks get hammered by Obama. It will be a cash deal. No credit impact. The Roadliner is good for long distance travel. 45 MPG. The DR650SE can do it at 55 MPG albeit less comfortably. The Yamaha TW200 and XT250 are good for 73 MPG, but not really freeway suitable. I'll have to wait until the streets and clean and dry before bringing the Roadliner home.
127 posted on 12/13/2008 3:43:06 PM PST by Myrddin
[ Post Reply | Private Reply | To 121 | View Replies]

To: PeteePie

Excellent ad. I love the motto on the bottom. Sickeningly true.


128 posted on 12/13/2008 4:06:43 PM PST by CottonBall
[ Post Reply | Private Reply | To 12 | View Replies]

To: CindyDawg
All the loan money in the country isn’t going to help if people aren’t buying.

Yup - that's the problem. This will only be the first bailout of the Big 3.
129 posted on 12/13/2008 4:08:08 PM PST by CottonBall
[ Post Reply | Private Reply | To 38 | View Replies]

To: papasmurf
it seems that all that is left up there are the teat sucking, welfare recipient, union boot licking, leftist base.

Hey, quit mincing words! Tell us what you really think.
130 posted on 12/13/2008 4:09:02 PM PST by CottonBall
[ Post Reply | Private Reply | To 23 | View Replies]

To: stevio
Consider me a patriot behind enemy lines.

Does that mean you work for one of the Big 3?

I felt the same way when I was teaching. Being surrounded by a bunch of liberal entitlement-grabbing socialist nonthinking wackos was awful.
131 posted on 12/13/2008 4:12:06 PM PST by CottonBall
[ Post Reply | Private Reply | To 54 | View Replies]

To: CottonBall
It's funny but at the same time gets my blood boiling too.
132 posted on 12/13/2008 6:08:32 PM PST by PeteePie (Antique firearms - still deadly after all these years)
[ Post Reply | Private Reply | To 128 | View Replies]

To: Kieri
Speaking of screaming...there’s a LOT of noise here in Michigan about anger against the southern states and the Republicans who voted against this bailout bill. The fury and hatred about to seep out of this godforsaken state is going to be stunning.

I don't understand the outrage...

You guys have been warned for years that if you keep voting for pro Nafta, pro WTO, pro New World Order candidates, eventually the chickens would come home to roost...

I don't work for GM directly but if they go down, my wife and I will both lose our jobs...And there are no other jobs to move to...They are gone...

You want to work on getting the jobs back from China, I'll be more inclined to lean toward your side of the issue...

133 posted on 12/13/2008 6:51:14 PM PST by Iscool (I don't understand all that I know...)
[ Post Reply | Private Reply | To 18 | View Replies]

To: Iscool

Apparently you work for a supplier.

The world will not come to an end if the Little 3 file for an orderly Ch 11 bankruptcy with our tax money providing the DIP financing.

They can move on dot org and continue to pay you.

Or we can just give them enough money to get them through till next week.


134 posted on 12/13/2008 9:02:45 PM PST by Eric Blair 2084 (Alcohol, Tobacco and Firearms shouldn't be a federal agency...it should be a convenience store.)
[ Post Reply | Private Reply | To 133 | View Replies]

To: Iscool
“’You guys have been warned for years that if you keep voting for pro Nafta, pro WTO, pro New World Order candidates, eventually the chickens would come home to roost...”
>>>>>>>>>>.............
The chickens have hit in spades -not just this auto bailout but the whole wall street melt down can be laid at the feet of these free trade one worlders...who have gutted the greatest economy the world had ever known.
135 posted on 12/15/2008 5:17:26 AM PST by shadowgovernment (From the Ashes of a Republican rout will raise a Conservative Party)
[ Post Reply | Private Reply | To 133 | View Replies]

To: CottonBall

No I don’t work for the Big 3. I live in Pennsylvania, which until recently was at least purple, now with all the influx from NY & NJ, we’re turning blue. Sad.


136 posted on 12/15/2008 7:06:34 AM PST by stevio (Crunchy Con - God, guns, guts, and organically grown crunchy nuts.)
[ Post Reply | Private Reply | To 131 | View Replies]

To: stevio

Oh, so the ‘enemy lines’ is being in a blue state? I hear ya there. I wish I could move to a strongly red state. And out of Mexifornia. You’re still in much better shape in PA than we are here. There’s no hope for the border states. But I hope the rest of the country can be saved.


137 posted on 12/15/2008 2:35:23 PM PST by CottonBall
[ Post Reply | Private Reply | To 136 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-20 ... 61-8081-100101-120121-137 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson